Sotheby’s Faces Lawsuit for Bored Ape NFT Fraud
Sotheby’s, a renowned fine arts auction firm, has been dragged into a class-action lawsuit filed by investors of Bored Ape Yacht Club (BAYC), a popular nonfungible token (NFT) collection. The investors claim that Sotheby’s helped the creators of BAYC, Yuga Labs, to deceive the public and inflate the prices of the NFTs. The Class-Action Lawsuit […]
The Bored Ape Yacht Club NFT auction value soars to $19 million
The Bored Ape Yacht Club has quickly become one of the most popular NFT projects just three days after its debut, following the footstep of its predecessor CryptoPunks. Its auction value at Sotheby’s now soars to $19 million. Yuga Labs, the makers of Bored Ape, kicked off the auction of 101 unique NFTs from the […]
Sotheby has sold the most expensive physical object to be bought with crypto
Earlier in the year, Sotheby had made the revelation that it was going to start accepting crypto payments. On July 9, Sotheby’s put a 101.38-carat diamond up for auction, and it sold for about $13 million in cryptocurrency. According to MarketWatch, the diamond “sold for $12.3 million to an unknown buyer last Friday at Sotheby’s […]